Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Packaging Corporation of America $PKG

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Packaging Corporation of America (NYSE:PKG) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,879 shares of the industrial products company’s stock after acquiring an additional 12,505 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Packaging Corporation of America worth $40,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC grew its holdings in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. NBT Bank N A NY bought a new position in Packaging Corporation of America during the third quarter valued at $41,000. Cary Street Partners Investment Advisory LLC lifted its position in Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares in the last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Packaging Corporation of America in the 3rd quarter worth about $44,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Price Performance

PKG opened at $231.75 on Friday. The business has a fifty day moving average of $223.31 and a 200 day moving average of $212.12. The stock has a market cap of $20.85 billion, a P/E ratio of 27.04, a PEG ratio of 1.78 and a beta of 0.88. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.41 by ($0.09). The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is currently 58.34%.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of analyst reports. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Citigroup lifted their target price on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Argus raised Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.